São Paulo – The Jordan Chamber of Commerce has plans of bringing to Brazil a delegation of business owners in search of business opportunities. “I am happy to say that we are interested in expanding trade with Brazil”, said Jamal Fariz, a Jordanian chamber board member who visited the Arab Brazilian Chamber of Commerce in the city of São Paulo on Wednesday night (27).
He pointed out that the idea is to organize business matchmaking events with Brazilian business owners, in addition to visiting industries and agricultural enterprises. The Jordanians are interested in Brazilian products such as coffee, food products in general, machinery, spare aircraft parts and auto parts.
The quick appreciation of the dollar against the real last year is one of the inviting points. The current foreign exchange rate makes Brazilian products more appealing to foreign buyers.
Fariz emphasized that there are also investors interested in getting to know the opportunities in Brazil. He pointed out that a lot of Iraqi business owners are currently living in Jordan due to instability in the neighboring country, and said that the delegation should have members of this nationality that are interested in investing abroad.
The executive added that the mission will have members who are exporters. Among the products that they plan to sell to Brazil are textile goods, phosphate and potassium, which are fertilizers, Dead Sea products, such as cosmetics and medical items, olives and olive oil.
A date has not yet been set for the arrival of the delegation, but the trip will possibly occur between the second half of March and the beginning of May. Fariz also said that he’s counting on the Arab Brazilian Chamber of Commerce to help organize the mission.
Trade balance
Brazilian exports to Jordan totaled USD 242.2 million last year, according to data from the Secretariat of Foreign Trade (Secex). There was a decline of 3% over 2014. The main products shipped were poultry and beef, maize, live cattle, coffee and soy bran.
On the other hand, Brazil imported USD 6.7 million from Jordan, a decline of 30.6% in the same comparison, according to Secex. The trade list basically included clothing items and fertilizers.
*Translated by Sérgio Kakitani
